/Netflix%20on%20tv%20with%20remote%20by%20freestocks%20via%20Unsplash.jpg)
Netflix (NFLX) just released its third-quarter earnings report, and the market’s reaction was negative. NFLX stock is down more than 9% in intraday trading after results came in below expectations.
Netflix continued to grow its paid memberships. Moreover, it benefited from higher subscription prices and expanding ad-supported plans. These efforts have been key drivers of revenue growth as the streaming platform seeks to diversify its income streams amid intensifying competition.